Sandy Creek's Annual
p. 59 · Read in the full issue
Report
rE report of Sandy Creek Sluicing, Ltd., for the year ended March 31 last showed that mining operations remain completely suspended, and that, after receiving £450 from interest, a loss of only £217 was made during the year.
The company’s issued capital is £77,500 in 2/6 shares, and it has a special reserve “for deterioration and loss of assets dur ing the war,” of £24,855. The company’s assets at Sandy Creek are valued at £67,815, and at the Watut £86,612, and it holds £20,000 in cash. The directors (H. B.
Jamieson, H. G. Hyde, J. W. Hinks and A. J. Smeaton) hope to resume mining operations in 1946.
Mr. Peter Bosgard, who was a prisoner of war in Europe for four years, re turned to Australia in October. He spent 2 h years as a POW in Italy, and when Italy collapsed he and some friends escaped. They were at liberty for a couple of weeks, but were unlucky enough to be caught as they were
attempting to cross the Swiss border.
They then spent a further 18 months in an Austrian camp, where they were generally well-treated. Formerly, Mr.
Bosgard was an officer in the Lands De partment, Papua; he hopes to return to Port Moresby in the new year.